Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Analysis
|  | | November 17, 2008 | | U.K. pound drops in currency trading | As one might expect, the U.K. pound continues to drop in currency trading on the FX market. Indeed, U.K. rate cut expectations are sending the sterling lower in forex trading as the economic news continues to worsen.
In terms of both fundamental analysis and technical analysis, it seems clear that the U.K. pound will likely struggle moving forward in currency trading. Indeed, it will take a massive turnaround from the British economy to support the sterling in forex trading.
| Topic Tags: analysis, currency trading, currency trading FX market, forex trading, sterling forex trading, U.K. pound currency trading, U.K. rate cut | |
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